Bryan Cave Combines with Berwin Leighton Paisner to Form Bryan Cave Leighton Paisner LLP Learn More

Swift attention, early intervention, and creative solutions can make the difference when a loan begins to make the transition from “asset” to “special asset.” Bryan Cave’s restructuring and workout specialists have the experience necessary to provide clients with practical solutions from the moment a loan first begins to show signs of trouble. Whether we represent a borrower or a lender, we analyze the strengths and weaknesses of the parties’ respective legal and financial positions. The cost and complexity of Chapter 11 make out-of-court solutions preferable in many situations, but we also evaluate whether recalcitrant creditors or particular provisions of the Bankruptcy Code may make an in-court restructuring more appropriate.

For those matters best handled outside of court, we call upon our experience in corporate transactions, commercial finance and real estate to enable us to understand the intricacies of distressed situations, to develop comprehensive strategies for the resolution of our clients’ problems and to implement the legal aspects of a workout. We also work closely with the tax specialists in our firm, when appropriate, to address the tax implications of a restructuring.

Select Engagements

  • Represented the special servicer in connection with the workout of $110 million in senior debt on cross-collateralized office tower and shopping center in the Los Angeles area.
  • Represented the special servicer in connection with the workout of $83 million in senior and junior loans secured by a multifamily housing development near Phoenix;
  • Represented the special servicer of a securitized commercial mortgage in connection with the restructuring of a defaulted $62 million loan to 35 tenants-in-common of a project in Los Angeles;
  • Represent an ethanol producer in connection with an out-of-court restructuring of $60 million in secured debt and $30 million in unsecured debt;
  • Represented a regional developer and builder in a workout involving $90 million in debt;
  • Represented a national defense contractor as lender in the workout of $20 million in debt owed by a borrower in Arizona;
  • Represented nutritional supplement distributor BSN, Inc. in the workout and refinancing of its senior debt.